New Issue: UBS prices $7.02 million capped gears linked to S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 1 – UBS AG, London Branch priced $7.02 million of 0% capped gears due Nov. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus three times any index gain, up to a maximum return of par plus 12.5%.

Otherwise, investors will receive 1% for every 1% decline of the index.

UBS Securities LLC and UBS Investment Bank LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	S&P 500 index
Amount:	$7,019,940
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, up to a maximum return of par plus 12.5%; otherwise, 1% for every 1% decline of index
Initial index level:	4,443.11
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90285B359

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